Extreme Fear Persists in the Cryptocurrency Market

[Cotun] “Cryptocurrency Market Remains in Extreme Fear”

Alternative, a cryptocurrency data provider, reported that its proprietary “Crypto Fear & Greed Index” rose by 2 points from the previous day to 13. The market continues to remain in a stage of extreme fear. The index indicates extreme fear as it approaches 0 and extreme optimism as it approaches 100. The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market capitalization dominance (10%), and Google search trends (10%).

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